Category: Highlights

t seems like the Inflation Reduction Act does just about everything – everything, that is, but curbing inflation. In order to pass the Act the Biden administration had to appeal to a broad base of supporters, from staunch climate advocates to hardcore coal country representatives. In particular, the Act had to appeal to holdout West Virginia Senator Joe Manchin. Though Manchin is a democrat he represents a constituency that depends on fossil fuels for their livelihoods and prioritizes coal country jobs over climate measures. So while the Act includes huge incentives…

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As governments worldwide encourage greater innovation in renewable energy beyond wind and solar power, with significant funding opportunities available, alternative green energy sources are popping up around the globe, having been long neglected. Despite the knowledge of a variety of renewable energy sources for several decades, most countries have focused on the low-cost sources that are easiest to produce. But the potential for many alternative energies is significant, requiring greater research and development to establish fruitful operations. One such power source is geothermal, with the potential to harness the power…

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LONGi has announced the completion of delivery of 406MW of its bifacial Hi-MO 5 modules for Saudi Arabia’s Red Sea Project. During an event to mark the on time delivery, LONGi was joined by Power China SEPCO III and local partners, all of whom played a role in the successful completion of the project. Saudi Crown Prince Mohammad bin Salman unveiled the initiative in July 2017, with the goal of attracting visitors to the Red Sea coast via a combination of luxury and ecotourism. It is the world’s most ambitious…

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There’s a new kind of space race unfolding. This time it’s not a battle between world superpowers or enterprising tech billionaires, it’s a rush to shore up future energy security. A recent experiment by European aerospace giant Airbus has shown that beaming solar power directly to Earth from outer space could be a real possibility – and it wouldn’t be any more expensive than our existing energy infrastructure down here on Earth. While it sounds like something straight out of science fiction, scientists across the world clearly think it could…

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The European Union tentatively agreed to set the price cap on Russian crude oil at $60 per barrel, an EU diplomat told Reuters on Thursday. The deal must first be agreed to by Poland, who had pushed for capping Russian crude oil prices at the lowest level possible, then by all EU governments by writing by the Friday deadline. The United States warned the EU on Thursday that the $52 cited recently for Urals crude oil may not reflect the overall level at which Russian oil has been trading. An…

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